On January 1, Year 1, Milton Manufacturing Company purchased equipment with a list price of $88,000. A total of $4,000 was paid for installation and testing. During the first year, Milton paid $6,000 for insurance on the equipment and another $2,200 for routine maintenance and repairs. Milton uses the units-of-production method of depreciation. Useful life is estimated at 100,000 units, and estimated salvage value is $8,000. During Year 1, the equipment produced 13,000 units. What is the amount of depreciation for Year 1?
A. $11,960
B. $12,740
C. $10,920
D. $11,700
Answer: C
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?Opulent Inc., a furniture design company based in Winona, designs a wide range of office and household furniture. Umber Corp. has recently started offering custom-made furniture in the same city. The managers at Opulent are conducting a research to find out the strengths and weaknesses of Umber. The managers are also trying to figure out the strategies used by Umber. Which of the following is a component of the specific environment that is illustrated in the scenario?
A) ?Divesting B) ?Deskilling C) ?Proactive monitoring D) ?Competitive analysis
_______________ is a process of eliminating markets so only the most desirable are left for final analysis.
Fill in the blank(s) with the appropriate word(s).
A high F score denotes that the customer has bought an expensive item recently
Indicate whether the statement is true or false
The common stock of CTI has an expected return of 14.48 percent. The return on the market is 11.6 percent and the risk-free rate of return is 3.42 percent. What is the beta of this stock?
A) .95 B) 1.49 C) 1.31 D) 1.42 E) 1.35